Acacia Communications Company Profile (NASDAQ:ACIA)

Acacia Communications, Inc. provides high-speed coherent interconnect products. The Company's products include a series of low-power coherent digital signal processor application-specific integrated circuits (DSP ASICs), and silicon photonic integrated circuits (silicon PICs), which it has integrated into families of optical interconnect modules with transmission speeds ranging from 100 to 400 gigabits per second (Gbps) for use in long-haul, metro and inter-data center markets. The Company is also developing optical interconnect modules that will enable transmission speeds of one terabit (1,000 gigabits) per second and above. The Company's modules perform a majority of the digital signal processing and optical functions in optical interconnects. The Company's coherent DSP ASICs are manufactured using complementary metal oxide semiconductor (CMOS), and its silicon PICs are manufactured using a CMOS-compatible process.

What is Acacia Communications' stock symbol?

Acacia Communications trades on the NASDAQ under the ticker symbol "ACIA."

How were Acacia Communications' earnings last quarter?

Acacia Communications, Inc. (NASDAQ:ACIA) posted its quarterly earnings results on Thursday, August, 3rd. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.18 by $0.08. The business had revenue of $78.90 million for the quarter, compared to analyst estimates of $78.17 million. Acacia Communications had a return on equity of 34.46% and a net margin of 29.65%. The company's quarterly revenue was down 32.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.77 EPS. View Acacia Communications' Earnings History.

When will Acacia Communications make its next earnings announcement?

What guidance has Acacia Communications issued on next quarter's earnings?

Acacia Communications issued an update on its third quarter earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of $0.25-0.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.36. The company issued revenue guidance of $95-110 million, compared to the consensus revenue estimate of $103.52 million.

Where is Acacia Communications' stock going? Where will Acacia Communications' stock price be in 2017?

10 brokerages have issued 1 year price objectives for Acacia Communications' stock. Their forecasts range from $44.00 to $64.00. On average, they anticipate Acacia Communications' share price to reach $53.63 in the next twelve months. View Analyst Ratings for Acacia Communications.

What are analysts saying about Acacia Communications stock?

Here are some recent quotes from research analysts about Acacia Communications stock:

2. Needham & Company LLC analysts commented, "Acacia reported 2Q17 results and issued 3Q17 guidance in-line with its July 14 Pre-Release. Order activity at ACIA’s largest Chinese NEM partner is increasing as some national backbone expansion projects that had been delayed in 1Q17 started shipping late in 2Q17. Acacia has also seen order activity among its DCI customer base increase as well, with the largest gains coming from a direct hyperscale customer that is migrating to Acacia’s AC400 module. In addition to better order activity, Acacia’s new CFP2 ACO and CFP2 DCO products remain on track and should account for greater than 10% of sales in 2H17." (8/4/2017)

3. William Blair analysts commented, "Acacia Communications, Inc. Highlights From William Blair’s 37th Annual Growth Stock Conference President and Chief Executive Officer Raj Shanmugaraj and Chief Financial Officer John Gavin provided a company update at William Blair’s 37th Annual Growth Stock Conference. Key highlights are as follows:  With China visibility remaining front-and-center of Acacia story, management reiterated it expects to see stronger demand in the second half of 2017 compared with the first half. Management segments China demand into three buckets, which it calls “steady-state business,” “backbone expansion opportunity,” and “provincial network build.” Steady-state business includes ZTE’s (largest customer in China) ongoing metro projects in APAC and EMEA, where it generates a significant portion of its revenue and is seeing solid demand environment currently. India, for example, is a significant driver. Backbone network expansion opportunity, such as China Mobile, is starting to recover, according to management. The project delay for the next phase of backbone ring buildout that ZTE saw in April (discussed during Acacia’s first-quarter earnings) is expected to resume in late June, according to management. Management also clarified that the current China Telecom tender (part of Phase 12 buildout) is largely focused on metro ROADMs and will have minimal effect on Acacia; however, it expects additional tenders from CT to focus on coherent backbone interconnect. As for provincial networks (Phase 13 projects), management anticipates over 20 provinces served by China Mobile and China Telecom to each put out tenders starting in the second half of the year, though timing, it notes, remains uncertain." (6/15/2017)

4. Cowen and Company analysts commented, "We expect ACIA to report and guide upside to Street consensus' estimates. We continue to see ACIA as well-positioned to benefit from a strong optical upgrade cycle fueled by Metro, DCI and China, which should continue to drive impressive growth and operating profitability well ahead of Street expectations." (2/22/2017)

When did Acacia Communications IPO?

(ACIA) raised $99 million in an initial public offering on Friday, May 13th 2016. The company issued 4,500,000 shares at a price of $21.00-$23.00 per share. Goldman Sachs, BofA Merrill Lynch and Deutsche Bank Securities served as the underwriters for the IPO and Needham & Company, Cowen and Company and Northland Capital Markets were co-managers.

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MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.